Al-Futtaim Automotive Builds On 23-Year Legacy Of Trust & Leadership In UAE’s Pre-Owned Car Market To Sell Over 25,000
Used Vehicles in 2023
- As per estimates from Al-Futtaim Automotive’s used-car division, SUVs dominated the market demand in 2023 accounting for 48% sales, followed by sedans at 29%
- Announces the second edition of Auto Fest offering exclusive, unbelievable deals on Certified Pre-Owned Vehicles from March 1 to 3 at Dubai Festival City – Festival Plaza, following a successful first edition of the sales festival from 23rd to 25th February
Dubai, UAE, 28 February 2024:
Al-Futtaim Automotive, one of the UAE’s largest automotive groups, has crossed another successful milestone in the pre-owned car segment, selling over 25,000 used vehicles in 2023. Leveraging over 23 years of trust, expertise and reliability, Al-Futtaim Automotive has set an unparalleled standard of excellence across its used-car operations that covers Certified Pre-Owned Vehicles from its brand portfolio as well as its multi-brand used-car business, Automall.
In the latest business figures shared by the used-car division, SUVs dominated the market at 48% sales, followed by sedans at 29%; while the Toyota Yaris, Toyota Corolla, and Toyota Prado took the top three spots as the best-selling models in their used car portfolio. Amongst the brands, Toyota and Honda ranked first in terms of residual value, with Prado, Yaris, and RAV4 models being the most in demand.
The UAE’s largest retailer of used cars in terms of volumes and business presence, Al-Futtaim Automotive is also at the forefront of technological integration, a factor that has played a role in its business success. For many years, the company has integrated a fully digital evaluation tool offering swift market valuation of used-cars alongside providing customers with the best value, fair pricing, and transparency with no hidden costs. The used-car division is also among the first to introduce a state of the art unique ‘photobooth’ showcase on their web-channels, offering customers a chance to virtually explore cars with a 360-degree view, see the exterior and interior up-close, and experience the car in detail as if inside a showroom.
Carlos Montenegro, Managing Director – Fleet & Pre-Owned Division, Al-Futtaim Automotive, shared, “Year-on-year the pre-owned business has seen tremendous growth, and this is down to several factors, most important of which is the trust and reliability in the Al-Futtaim Automotive brand. Trust is a crucial factor for any pre-owned car customer, for this, a minimum 1-year Al-Futtaim Warranty in Automall and up to 5 years Warranty for the Certified Pre-Owned Vehicles from our brands will always be provided. Reliability of every unit is also a critical, and we go to great lengths to reassure customers, right from meticulous 360˚ inspection process of every used-car to prepping them with only certified spare parts at the largest Used-Car Prep Center in the UAE. This is the prime reason why every pre-owned car coming with the Al-Futtaim Automotive badge is inevitably considered as a superior quality vehicle, translating to business success every year.
Carlos Montenegro further added, “Moreover, it’s important to remember that Al-Futtaim Automotive signifies more than a vehicle, we have one of the widest aftersales service networks, alongside excellent financing options, all managed in-house. We are truly an all-in-one destination for everything that the used-car customer needs. This is something that we wanted to clearly bring on-ground with the Auto Fest, where we are showcasing pre-ownedused cars representing the extensive brand portfolio of Al-Futtaim Automotive alongside aftersales packages and plenty more value-adds.”
The company’s commitment to excellence is further exemplified by the state-of-the-art Used Cars Prep Centre inaugurated in January 2023. The centre, among the largest in the region, is staffed with highly qualified technicians averaging over 10 years of experience with the capacity to prepare over 25,000 units annually.
Al-Futtaim Automotive’s Certified Pre-Owned Division vehicles come with a minimum 1-year Al-Futtaim Warranty and roadside assistance, providing customers with peace of mind.
In continuation of their successful journey, Al-Futtaim Automotive’s Certified Pre-Owned divisions are set to host the second edition of their signature event, Auto Fest, taking place March 1 to 3 at Dubai Festival Plaza in Dubai Festival City. Visitors can get exclusive, limited-time offers on leading car brands within the Al-Futtaim Automotive portfolio such as Toyota, Lexus, Ram, Honda, Volvo, Dodge, Jeep, and Polestar. The first edition of this sales extravaganza took place recently from February 23 to 25, 2024.
– Ends –
About Al-Futtaim Automotive
Al-Futtaim Automotive, one of the main five operating divisions within the UAE-based Al-Futtaim Group of companies, is a conglomerate of motoring-related businesses, franchising some of the world’s most-recognized automotive brands and services.
Operating in 10 countries across the Middle East, Asia and Africa and empowered by around 9,000 associates, the UAE-headquartered Group’s services span across distribution of new and used vehicles, manufacturing, leasing, and aftersales.
Ranging from passenger cars to SUVs, commercial vehicles, industrial and construction equipment as well as motorbikes and quads, Al-Futtaim Automotive Group offers an integrative customer-centric experience for motorists, fleet operators and contractors alike, and strives to become the leader in tailor-made mobility solutions.
About Al-Futtaim Group
Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates.
Structured into five operating divisions; automotive, financial services, real estate, retail and health; employing more than 33,000 employees across more than 20 countries in the Middle East, Asia and Africa, we partner with over 200 of the world’s most admired and innovative brands.
Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
By upholding our values of respect, excellence, collaboration, integrity, Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day. For more information visit: www.alfuttaim.com